25th Jun 2010 16:43
HomeServe plc
Long Term Incentives
This notification is made in accordance with DTR 3.1.4R(1)(a).
Investment and Grant of Awards under HomeServe 2008 Long Term Incentive Plan (the 'LTIP')
A number of Directors and PDMRs have chosen to invest some or all of their 2010 net annual bonus in Shares ("Investment Shares") under the LTIP. Investment Shares were purchased on 25 June 2010 on the London Stock Exchange at an average price of £20.29 per Share.
Following the acquisition of Investment Shares, these individuals were granted Matching Awards under the LTIP, in the form of conditional awards to acquire Shares. No consideration was paid for the grant of Matching Awards (other than the acquisition of linked Investment Shares). Subject to the retention of the Investment Shares, continued employment and the achievement of stretching comparative TSR and EPS related performance criteria, the Matching Awards will vest in three year's time.
At the same time, these individuals were granted Performance Awards under the same Plan. Performance Awards were granted in the form of conditional awards to acquire Shares and no consideration was payable for the grant. Performance Awards will vest in three year's time subject to continued employment and the achievement of stretching comparative TSR and EPS related performance criteria.
Details of the Investment Shares, Matching Awards and Performance Awards are set out in the table below.
|
Name |
Status |
No of Investment Shares purchased |
No of Shares subject to Matching Award |
No of Shares subject to Performance Award |
|
Richard Harpin |
Director |
10,825 |
36,695 |
37,537 |
|
Martin Bennett |
Director |
6,495 |
11,008 |
22,522 |
|
Jon Florsheim |
Director |
14,433 |
24,463 |
37,537 |
|
Rachael Hughes |
PDMR |
2,201 |
3,731 |
21,021 |
|
Jonathan King |
PDMR |
4,546 |
7,705 |
24,289 |
25 June 2010
Related Shares:
HSV.L